Question: Hi, I’m divorced and living in my condominium in Puchong with my 3-year-old child. I work in Singapore and travel back to Malaysia twice a month. My sister takes care of my child while I’m away, as my ex-husband does not provide any care. If I pass away, how can I...
Mr. Lim recently lost his father, who left behind an outstanding housing loan of RM500,000. As the sole beneficiary named in the will, Mr. Lim is worried. He wonders, “Will I have to take over my father’s housing loan? Can the bank continue charging interest on the outstanding amount after my father’s death?” These are...
Question: “My husband has passed away recently, and we did not write a Will before. We have no children. My husband has some savings, investments, and one property which is under his own name.” Answer: In this scenario, your husband is said to have died intestate. His estate will be distributed according...
Mr. Lim is married to Amy but is secretly involved in an affair with Bella. He wishes to leave some of his assets to Amy, his wife, and other assets to Bella, his mistress. Mr. Lim asks if it’s possible to write two separate wills—one for Amy and another for Bella—without either knowing about the...
Ensuring that your wishes are followed and your loved ones are protected requires estate planning, which is more than just a task to cross off a list. In an earlier article, we discussed some of the most important elements of estate planning and dispelled a few widespread misconceptions. However, it’s important to remember that many...
Are your digital assets inheritable by your next-of-kin? Lets start by defining what are digital assets and how is it different compared to physical assets. Digital Assets basically are your cryptocurrency, NFTS, instagram, twitter or facebook accounts and so on. However, digital assets are not the same as your physical assets as all you need...
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